The agreement represents the final stage before a commercial contract, whose terms and conditions are expected to be formulated following ratification from the Grand National Assembly of Turkey, and completion of feasibility study.
Details of specifics relating to the project’s financing framework, power sales contracts, are yet to take place, according to MHI.
Scheduled to be built in the Sinop area of the Black Sea coast, the nuclear power plant will feature four Atmea1 pressurized water reactors (PWR), which are developed by MHI and Areva joint venture, Atmea.
The generation III+ type PWR has a 1,100 MWe capacity, and has already been positively evaluated by the French Nuclear Safety Authority (ASN) as well as the Canadian Nuclear Safety Commission.
Other consortium members include Itochu and Gdf Suez, which will operate the power plant that is expected to start power generation in 2023, World Nuclear News reports.
